This page has been robot translated, sorry for typos if any. Original content here.

Money and credit - Ivanov V.M.

test questions

1. List the functions of money.

2. Define the function of money as a medium of circulation.

3. The content of the function of money as a measure of value.

4. In what forms can people keep their wealth?

5. What money performs the function of a means of payment?

6. What are the changes that have occurred in the function of world money.

Tests for self-control

1. Money as a measure of value is:

a) the ability of gold to express commodity values;

b) the ability of gold to be in a relative form of value;

c) the ability of money to measure the value of all goods;

d) the ability of money to determine the price of goods;

e) the answers a), c) are correct;

e) all answers are incorrect.

2. The medium of circulation is:

a) the distribution system of goods and services;

b) the transition from one measure of value to another;

c) money used to purchase goods and services, as well as to pay debts;

d) answers a), b) are correct;

e) all answers are incorrect;

e) all answers are correct.

3. Money can be a means of accumulation due to their inherent liquidity, which is understood as:

a) the possibility of using the asset as a means of payment;

b) an asset that can be easily turned into a means of payment;

c) an asset having a fixed nominal value;

d) the answers a), c) are correct;

e) all answers are correct.

4. Money acts as a means of payment in such cases:

a) there is no direct exchange of goods for money;

b) money appears in the form of an independent exchange value;

c) there is a need for the sale of goods on credit;

d) the answers a), c) are correct;

e) all answers are incorrect.

e) all answers are correct.

5. The following changes have occurred in the function of world money:

a) the widespread use of gold and platinum ingots as functional forms of world money;

b) general recognition by means of payment of convertible national credit money and international countable monetary units;

c) the use of gold only in extreme cases;

d) answers b), c) are correct;

e) all answers are incorrect;

e) all answers are correct.